Invesco DB Commodity Index Tracking FundAtualizado DBC, still in hopeless state unless...
since the euphoria moment in July 2008, Commodities is in a very bad shape perhaps due to obesity LOL
it stages a laboriously come back and as best only manage a Gann 50% retracement, upon rejection, it continue to
hug along the upper red channel until it couldnt hold on anymore in June 2014
the next level ~18 is the same level where this commodity make a loud noise.
If it couldnt hold, highly lightly we could see it going to 15 and ultimately botton of the red channel around 11-12 depending on how fast the price fall
it stages a laboriously come back and as best only manage a Gann 50% retracement, upon rejection, it continue to
hug along the upper red channel until it couldnt hold on anymore in June 2014
the next level ~18 is the same level where this commodity make a loud noise.
If it couldnt hold, highly lightly we could see it going to 15 and ultimately botton of the red channel around 11-12 depending on how fast the price fall
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